Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna (PKO) Earnings Call Transcript & Summary

Good morning. I would like to welcome you. And the registration of the shareholders has already taken place. I have the confirmation. We have the list of the shareholders. So we can start the Extraordinary General Meeting of Shareholders of the company, PKO BP SA, which was convened today at 10 a.m. We start sharp. And traditionally, this General Meeting of Shareholders will be taken minutes of by [ a notary ]. And I am opening this General Meeting of Shareholders that is convened as of today and fulfilling all the formal requirements of the announcement was published on the company's website on the 10th of September 2026. So there are no objections to holding this meeting. And since we are after the formal opening, I would like to move to the next point, the last point for me, namely the appointment of the Chairman for today's Extraordinary General Meeting. So please put forward your candidates. I would like to propose Leszek Koziorowski, Mr. Counsel, to chair today's meeting. So our bank always combines the tradition with the modernity. So we have 1 candidate for chairing this meeting proposed by the shareholder, the State Treasury. Are there any other candidates? No, I can't see. So before we move to the secret vote, I would like to ask the representative of the company responsible for the voting system. This is the Unicomp company, which is servicing today's voting system, and now other rules for the vote. So you received the tablets, and you will use these tablets for casting your votes and for taking your decisions at today's meeting. And on the tablets, you can see 2 buttons. One button is your data. The second is the documents. When you press the documents button, you have the documents for the specific meeting. And if you press your data, you have the information about your representation and how many shares you hold for the vote. As for the voting process, at the moment of ordering the vote on the tablet and also on the screen, you will see the title of the vote. And there will be also the decision keys shown. So you choose your decision. When you choose your decision, you move to the next screen on the tablet and then you confirm, and then this vote is counted in the system. As for the secrecy of vote, of course, this system preserves the secrecy of the vote, and also it is possible to do the split voting. As I said, we will vote in secret mode, as I mentioned, for the appointment of the Chairman. If everything is clear from the technical point of view, I think we can proceed with the vote for the Chairman of today's meeting. [Voting]

So ladies and gentlemen, the vote is complete, and I would like to inform you that the Chairman for today's meeting was appointed Mr. Leszek Koziorowski, the Counsel. And there were the votes for yes -- all the votes were yes for his appointment. 914,629,266 votes. There were no votes against. There were no objections. Therefore, I pass the floor to the appointed Chairman.

Ladies and gentlemen, good morning. Thank you very much for my nomination. And I would like to comment that I will, of course, fulfill your expectations in the same way as the phenomenal and modern bank fulfills the customers' expectations. So congratulations to the Management Board, and congratulations to you for your products and also for people working in the bank. So of course, congratulations. And so the modernity fulfills the customers' expectations, and also the tradition fulfills these expectations as well. So I will move to point #3. There are some technical issues. In a moment, I will sign the attendance list, and then I will proceed to the further points on the agenda.

Ladies and gentlemen, so I can see kind of an echo. Okay. So under the point #3, confirming the correctness of calling the meeting, I am obliged to make 2 statements. First statement, I will start from the attendance list that I have already signed, which is in front of me. And if anyone wants to see it, of course, it is displayed on the desk, and it will be the attachment to the notarial protocol, which the notary will prepare after this meeting. And the attendance list shows that as for the presence of the shareholders, so we have 914,629,266 votes and shares, which represents 73.17% of the share capital of the company. The second statement is about the correctness of calling this meeting. And this meeting was convened by current report 33/2026 on the 10th of September 2026. On the same day, also the call for the meeting was published on the company's website under the tab General Meetings. And since the form and the date of the publication, the general meeting was convened correctly because it fulfills the requirements of the Commercial Companies Code and also the statute of the bank. And taking the above into consideration, I would like to confirm that this meeting is convened properly and is capable of adopting binding resolutions that are stipulated on today's agenda. As for the agenda, we have point #4 to be debated. Are there any comments about the changes to this point #4 that was proposed by the Management Board of the bank? So in the notice for the meeting, there was also the agenda. There were also the draft resolutions for today's meeting and also the technical remark that if we put a resolution under a vote, so then I will be putting under a vote all the draft resolutions that were displayed on the company's website as an attachment to the notice for calling the meeting. There are no comments to the agenda. So I confirm that the agenda is adopted in the wording from the report 33/2026. We move to point #5 regarding the amendments to the Articles of the Association of Powszechna Kasa Oszczednosci Bank Polski Spolka Akcyjna. So the draft resolution was published, available on the company's website with this title on the amendments to the Articles of Association, and it refers to the changes in Paragraph or Section 2 Item 4. After the letter LK is read, K letter is added. Are there any comments on such proposed amendment to the articles? So ladies and gentlemen, I will put under vote the draft resolution proposed by the Management Board of the company. I would like to remind you that in order to change the statute of the bank, the Commercial Companies Code requires that the qualified majority is obtained, 3/4 of the votes, in order to amend the Articles of Association. So could you please prepare the system for the vote, and I order the voting on this draft resolution. So please cast your votes. [Voting]

Thank you very much. I understand that the vote is over. And in a moment, I will read the result of the vote. Thank you very much. I would like to confirm that this resolution was adopted. For yes, 914,578,812. This is 99.99% of the share capital of the company against 50,454. There were no abstentions. So the resolution obtained the required majority. And congratulations to the Management Board because this proposal was accepted by the General Meeting of Shareholders. At the same time, we realized point #5. And in this way, we realized all the points on the agenda. And in this way, I would like to close today's meeting because there are no further points, but I would like to congratulate the bank and also the Management Board for adding new functionality to the bank's customers. Thank you very much. Goodbye. I declare this meeting closed. [Statements in English on this transcript were spoken by an interpreter present on the live call.]